Tag Archives: brexit

The easy part of Brexit deal (agreement with EU) is done and now let’s do the business at home. Mrs May is facing a wall of a no-vote in parliament (70% probability as of now) and the 1.2660 level is of importance as we head towards the endorsement by Parliament likely to take place before Christmas. As the UK does

Despite Brexit news the bulls were not able to close above 1.2900 yesterday. The bears are still in control and we do have a chance to see latest low or even 1.2650-ish (based on monthly chart). A rise and close above 1.2900 would open the way towards 1.2980/3000 and 1.3035/55. Update 1: If short it is the time to

Short recap Asia took a break Europe opening flat to slightly up US tax bill refining continues as the bill moves from Senate to the House before it lands on Trump’s table Many have changed the wording from tax reform bill to tax bill AMT getting challenged as many companies may loose the tax break and pay the 20% alternative

Short recap Asia in green Europe opening higher OPEC day today with not only oil but energy stocks in focus NoKo threating with new missile test again But no reaction from the markets (a sign that conflict escalation is low for the time being) Powell with dovish tilt, no change to rate path HFs having hard time to earn money from bond and

Short recap Asian with wake up call from China Europe opening flat to higher FOMC and ECB Minutes left the market without any illusions Fed likely to be more dovish, ECB still on split over QE end Germany – Socialists under strong pressure to form government France – US corporates like Macron story, likely to increase investments in FR Brexit – May meeting Tusk in

Short recap Asia in red as investors becoming cautious on ability of US lawmakers to work out the tax reform Europe opening higher South China Sea disputes on again Upcoming 2-3 weeks will shape the form of Brexit deal As May is under enormous pressure from her own political party to step down While EU made it clear that UK needs to honor

Short recap Asia up Europe opening higher US tax reform in place likely in 2019 on respecting proper budget rules TPP – 11 countries at the table and discussing UAE investigating financial transactions/assets of 19 Saudis at its banks Brexit saga – EU giving UK 2-3 weeks to bring the bill otherwise not able to prepare for Dec

Short recap Asia up Europe opening lower Trump in China to ask for China cutting financial ties with NoKo US-Chinese companies signed USD 9 bln deals USD impacted by headwinds/slowdown related to tax reform (implementation in 2019) As the tax cuts will spike the budget deficit and will have only temporary effect on the economy (according to Fitch) Brexit –

Short recap Asia up after some hesitation at the beginning Europe opening higher US Senate moving on 2018 budget, next step towards tax reform US jobless claims hitting multidecade low what means more people working, more money for spending As consumption is 60% of US GDP, we can see in the future higher GDP growth pressuring up inflation Merkel positive on Brexit

Short recap Asia up Europe opening higher Governor of PBOC Zhou bullish on Chinese economy ahead of Congress Austria turning populist to far right but no exit EU talk To challenge Macron’s view of more Europe, tough on immigration…etc. Catalonia ready for talks with Spain but no mentioning of declaration of independence Iraqi military in control of Kurdish oil fields ECB’s QE limited at EUR